Benchmark Tuesday’s Lesson

Name: Allison Fellenzer

Date: December 10, 2019
Grade Level: 3rd grade
Title: Economics
Subject Matter: Spending and Saving Money

Lesson Objective(s):
 Students will learn the positive and negative effects of spending and saving money.
 Students will learn to make financial decision based on what they want to purchase for
lunch.

Language Objective(s):
 Students will discuss the decisions that they made about how they spent their lunch
money.
 Students will complete the reflection worksheet by answering questions based on their
financial decisions.

Assessment (formal/informal):
Formal: Students will complete the My Weekly Lunch Budget worksheet and reflection
questions, and the teacher will use the provided rubric to grade student’s work.
Informal: Observing students as they complete their worksheet and reading their reflection
question answers will provide opportunity for informal assessment of the student’s learning on
the content.

Materials Needed:
Teachers Need
 If You Made a Million By: David M. Schwartz
 My Weekly Lunch Budget Rubric

Students Need
 Pencil
 Scratch Piece of Paper
 My Weekly Lunch Budget Worksheet
 My Weekly Lunch Budget Menu
 Reflection Questions Worksheet

Description of the lesson:

We will learn about the positive and negative effects of spending and saving money. To activate
student’s prior knowledge, we will have a short discussion about what students already know
about spending and saving their money. I will then conduct a read aloud with the book If You
Made a Million by David M Schwartz. Then students will complete the My Weekly Lunch
Budget worksheet and reflection questions. The lesson will then end with a class discussion
about student’s decisions of spending and saving their money for their weekly lunch budget.
Process and Steps:
1. Instruct students to meet on the carpet/rug area.
2. The lesson will start by telling students that we are going to be learning about the positive
and negative effects of spending and saving money.
3. To activate student’s prior knowledge, I will ask students what they already know about
spending and saving their money and what experiences they have had.
4. I will read the book If You Made a Million by David M Schwartz.
5. Ask student; what financial (or money making) decisions did some of the characters in
the book make? Why do you think they did this? What would you do if you made a
million?
6. Tell students that they are now going to make their own decision on how they want to
spend their fake weekly lunch budget.
7. Read the directions on My Weekly Lunch Budget worksheet and reflection questions
worksheet.
8. Answer any questions that students have.
9. Send students back to their desks and pass out My Weekly Lunch Budget Worksheet.
10. Assist students as they work through the worksheet and provide students with the
reflection questions, after they finish the Lunch Budget Worksheet. (Students may use a
scratch piece of paper to conduct their calculations, but not calculators allowed).
11. After students have independently completed their reflection questions, ask each question
to the entire class, to discuss their money-making decisions.
12. Teacher then uses the provided rubric to grade the Lunch Budget Worksheet and
reflection questions.